Sunrun (NASDAQ:RUN) Insider Sells $77,925.92 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 10,042 shares of Sunrun stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total value of $77,925.92. Following the sale, the insider directly owned 451,673 shares in the company, valued at approximately $3,504,982.48. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sunrun Stock Performance

RUN traded down $0.16 on Wednesday, hitting $7.61. 13,376,906 shares of the stock traded hands, compared to its average volume of 9,299,989. The business has a fifty day moving average price of $8.97 and a two-hundred day moving average price of $11.63. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The firm has a market capitalization of $1.83 billion, a PE ratio of 5.14 and a beta of 2.44. Sunrun Inc. has a 52 week low of $7.42 and a 52 week high of $22.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.19. The company had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.Sunrun’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 EPS. On average, research analysts predict that Sunrun Inc. will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Several institutional investors have recently added to or reduced their stakes in RUN. Contour Asset Management LLC acquired a new position in Sunrun in the fourth quarter valued at about $98,010,000. Dimensional Fund Advisors LP increased its holdings in shares of Sunrun by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after buying an additional 165,196 shares in the last quarter. Maple Rock Capital Partners Inc. raised its stake in shares of Sunrun by 23.1% in the second quarter. Maple Rock Capital Partners Inc. now owns 3,694,548 shares of the energy company’s stock valued at $49,433,000 after acquiring an additional 692,448 shares during the last quarter. Amundi boosted its holdings in shares of Sunrun by 3.9% in the 2nd quarter. Amundi now owns 3,428,504 shares of the energy company’s stock worth $45,845,000 after acquiring an additional 127,878 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Sunrun during the 2nd quarter worth approximately $29,953,000. 91.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of recent research reports. Roth Capital restated a “buy” rating on shares of Sunrun in a research note on Thursday, July 9th. Glj Research reissued a “sell” rating and issued a $4.63 price target on shares of Sunrun in a research report on Monday, August 17th. Wall Street Zen upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Mizuho set a $18.00 price objective on Sunrun in a research note on Thursday, August 6th. Finally, UBS Group dropped their target price on Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Sunrun has an average rating of “Hold” and an average target price of $16.70.

About Sunrun

Sunrun Inc is a residential solar energy company that designs, installs, owns and maintains solar energy systems for homeowners. The company typically provides electricity through long-term agreements, including solar leases and power purchase agreements, allowing customers to use electricity generated by rooftop solar systems without purchasing the equipment outright.

Sunrun also offers energy storage solutions, including its BrightBox battery system, which can store electricity for use during outages, periods of high demand or when solar generation is unavailable.